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Trade News

By: Simone Liedtke16th February 2018
Law firm Werksmans Attorneys on Friday said it was surprised at State-owned Transnet board's attempt to absolve anyone of wrongdoing when its report into alleged fraud related to the procurement of 1 064 locomotives, had concluded that, not only should Transnet institute appropriate disciplinary... →

16th February 2018
Leading figures within the African energy scene will convene at the tenth Africa Energy Indaba (AEI), including at the World Energy Council's (WEC’s) annual Africa meeting, to discuss the importance of innovation and regional integration at a time when the energy sector is undergoing a major... →

Photo by Duane Daws
CHRISTOPH FREI
Achieving a robust energy future in a context of the triple transition requires different approaches guided by innovative policies

By: Simone Liedtke16th February 2018
South African electrical engineering company Power Plant Electrical Technologies (PPE Technologies) will exhibit at the African Energy Indaba (AEI) for the first time this year. →

POSITIVE GROWTH TRAJECTORY
Creating awareness of companies’ capabilities will lead to positive results in trade growth

By: Simone Liedtke16th February 2018
To assist women in being successful renewable-energy entrepreneurs, the African Energy Sector: Scope and Opportunity discussion topic at this year’s Women in Energy Conference will focus on the entrepreneurial opportunities in the energy sector and how women can maximise their participation. →

NELISIWE MAGUBANE
The conference will also provide insights and opportunities for career development and entrepreneurship for women who want to participate in the energy sector

By: Simone Liedtke16th February 2018
South Africa-based engineering, procurement and construction (EPC) company Lesedi Nuclear Services (Lesedi) business development executive Shane Pereira believes that there is a future for nuclear power globally, although it is being hindered locally by the delay in passing the updated Integrated... →

By: Simone Liedtke16th February 2018
Public-private partnership South African Electrotechnical Export Council (SAEEC) CEO Chiboni Evans states that Africa's industrialisation can occur only if countries have a robust energy base. →

CHIBONI EVANS
The South African government strongly supports the industrialisation of the African continent

By: Terence Creamer13th February 2018
The US government will consider Zimbabwe’s eligibility for the trade benefits it extends under the Africa Growth and Opportunity Act (Agoa) during 2018, the State Department’s acting director for economic and regional affairs Harry Sullivan said during a telephonic briefing on Tuesday. Since Agoa... →

By: Dylan Slater13th February 2018
With general business confidence at its highest level in two-and-a-half years, trade expectations have maintained an improved level going into this year, the South Africa Chamber of Commerce and Industry (Sacci) said on Tuesday.
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By: Dylan Slater13th February 2018
The Southern African Power Pool has appointed UK-based engineering consultancy WSP to develop a proposed 330 kV electricity interconnector between Zambia and the Democratic Republic of Congo (DRC).
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By: Reuters13th February 2018
China has expressed concerns over excessive protectionism in the steel sector by the United States, and urged it to show restraint in using trade remedy measures, an official with Chinese Ministry of Commerce (Mofcom) said on Tuesday. Wang Hejun, the head of Mofcom's Trade Remedy and... →

9th February 2018
Automotive manufacturing company Volkswagen Group South Africa (VWSA) ended 2017 with 80 308 sales, giving it a total market share of 21.8%, with the Volkswagen brand achieving 18.9% share in a year in which it ran out of supply of its most successful models. Since the introduction of the Polo... →

By: Rebecca Campbell9th February 2018
The International Air Transport Association (IATA) has welcomed the launch of the African Union’s (AU’s) Single African Air Transport Market (SAATM) initiative. This is intended to improve intra-African air transport links by “opening up” the skies above the continent. The initiation of the SAATM... →

By: Dylan Slater9th February 2018
Africa is not alone in its unpreparedness for shifting into the Fourth Industrial Revolution, or Industry 4.0, but it has the potential to gain the most out of such a development by finding new ways of manufacturing, says aerospace and defence company Paramount group executive chairperson Ivor... →

MADE IN SOUTH AFRICA
Paramount Group’s Mwari aircraft is a testament of digital technology at work as it is designed entirely in a digital format, thereby enabling for a jigless construction

By: Nadine James9th February 2018
In a recent study, information technology (IT) research company Gartner posed that, “by 2019, IT service desks [using] machine learning enhanced technologies will free up to 30% of support capacity.” This idea is supported by Marval Africa executive director Edward Carbutt who believes that the... →

By: Schalk Burger9th February 2018
SUNEX, a new South African cryptocurrency representing the value of power produced and dispatched from the bearer's solar photovoltaic (PV) panels, helps to support and accelerate the rollout and use of PV solar renewable-energy technologies, says Sun Exchange co-founder and CEO Abraham... →

By: Dylan Slater6th February 2018
South African science institution, the Agricultural Research Council (ARC), in partnership with the South African Table Grape Industry (Sati) and Culdevco, plans to launch a seedless red table grape at the South African National Pavilion during the Fruit Logistica Trade Fair, which takes place in... →

By: Schalk Burger6th February 2018
Transnet Port Terminals (TPT) achieved higher than forecast automotive and container handling volumes at the Port Elizabeth port in December, which it attributes to greater demand from local and international markets, along with automotive investments made in the region, TPT Eastern Cape GM Siya... →

By: Jessica Oosthuizen2nd February 2018
This year, the Manufacturing Indaba’s theme is Industrialising Africa, which Manufacturing Indaba MD Liz Hart believes will support the development of more intra-Africa trade opportunities. “Africa is still relying on agriculture and the export of raw commodities for economic growth. Although... →

2nd February 2018
In line with trends such as the Internet of Things (IoT), big data and analytics and machine learning, digitalisation will play a major role in this year’s Africa Rail agenda. The conference will look at the innovative technologies and systems that are transforming the African industry and... →

By: Dylan Slater2nd February 2018
To showcase the best South Africa has to offer in terms of local manufacturing and South African-produced capital equipment, capital equipment manufactures lobby group the South African Capital Equipment Exporters Council (Saceec) has partnered with exhibition organisers Specialised Exhibitions... →

By: Rebecca Campbell2nd February 2018
The multinational TradeMark East Africa (TMEA) initiative has been bearing fruit and, with its first phase having proved a success, it is now moving into its second phase. TMEA involves Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda, and is focused on promoting trade between the... →

By: Nadine James2nd February 2018
South Africa’s three coastal refineries – as well as a significant majority of coastal refineries globally – will definitely miss the International Maritime Organisation’s (IMO’s) January 1, 2020 deadline to reduce the sulphur specification in bunker fuel oil (BFO) from 3.5% to 0.5%, says Wright... →

UNCERTAINTY
Owing to the uncertainty of the deadline set out by the International Maritime Organisation many shippers and refiners have avoided spending on capital intensive upgrades

By: African News Agency 29th January 2018
Different South African sectors are synchronising their act on Monday, as Pretoria prepares to host the highly anticipated 10th summit of the Brics bloc – which groups Brazil, Russia, India, China, and South Africa – to be held in July. “One of the things we did last year is that we found that... →

By: Nadine James26th January 2018
Russian nuclear corporation Rosatom’s African subsidiary Rosatom Africa sponsored an all expenses paid trip to Russia for winners of the yearly student competition, held for the third time last year. The students visited the Novovoronezh nuclear power plant (NPP), as well as its training... →

RED SQUARE
The prize comprised of a site visit to a Nuclear Power Plant and a cultural tour of Moscow, including Red Square and the Museum of Cosmonautics

By: African News Agency 25th January 2018
China's Belt and Road Initiative (BRI) which seeks to build structural linkages and cooperation between countries has been held up as a model of global collaboration. Initially set up as a framework for cooperation between Eurasian countries, the BRI is being hailed as being perfectly in sync... →

By: Keith Campbell19th January 2018
The British government has again given the assurance that it desires a mutually beneficial and thriving trade relationship between the UK and Africa once the country has left the European Union (EU). This was affirmed by Trade Policy Minister (equivalent to Deputy Minister in South Africa) Greg... →

By: Schalk Burger19th January 2018
The China-driven superproject, the Belt and Road Initiative (BRI), which is a conceptual redevelopment of the ancient global tradeways of the Silk Road, aims to link the heartlands of countries by land, sea and air routes, says Renmin University School of International Studies Professor Wang... →

By: Reuters17th January 2018
US President Donald Trump's view of world trade will be challenged next week when he visits the World Economic Forum (WEF) at Davos, judging by a paper seen by Reuters on Wednesday that is aimed squarely at his "America First" stance. The "Strategic Brief on Misconceptions around Trade Balances"... →

By: Megan van Wyngaardt16th January 2018
Owing to the cross jurisdictional nature of a proposed international listing by Grindrod, through which it is aiming to launch a separate listing of its shipping business, the various processes required by regulators in the different relevant jurisdictions are taking longer than initially... →

By: African News Agency 15th January 2018
South African multinational pharmaceutical drug maker, Aspen Pharmacare, said on Monday that it would start distributing its infant formula milk in China. This comes after the China Food and Drug Administration (CFDA) announced on Friday that it had approved the registration of Aspen's infant... →

By: Megan van Wyngaardt12th January 2018
The Department of Trade and Industry (DTI) has invited black industrialists to apply for participation in a trade mission to Mozambique from March 5 to 9. The mission forms part of the implementation of government’s Black Industrialists Programme (BIP), which is aimed at promoting... →